22 February 2011

The Royal Bank of Scotland: India Morning Meeting Notes | 22 February 2011

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News headlines
Oil & Gas
RIL-BP agreement inked at 10, Downing Street (Economic Times)
Morgan Stanley poised to get leg-up after exploration pact (Economic Times)
RIL-BP $7.2bn deal among largest FDIs in India (Economic Times)
Shell to sell stake in Mauritius unit for $1bn (Economic Times)
Banks
NRI deposits down by a third in April-December (Economic Times)
RBI imposes Rs5lakh fine on two co-operative banks (Economic Times)
SBT, Allahabad Bank raise lending rates by up to 50 basis pts (Economic Times)
Axis Bank launches zero balance salary account for Indian Army (Economic Times)
Commodity
8 more CIL coal projects get green signal (Economic Times)
Nalco pays 20 per interim dividend (Economic Times)
NMDC in talks with Tata Steel to set up 2-mtpa steel plant (Economic Times)
SAIL to invest $12bn in 4 overseas plants (Economic Times)
Ispat Industries to exit CDR, restructuring Rs70bn debt (Economic Times)
Tata Steel sees Orissa plant output by March 2013 (Economic Times)
Consumer
May hike soap rates to offset rising raw material costs: Godrej (Economic Times)
McDonald's India franchisee to open 30 new stores in 2011 (Economic Times)
IT & Telecom
Spice deal fallout: Idea faces fine, may lose permits (Economic Times)
No takers for mobile towers on regulatory glitches (Economic Times)
BSNL reduces post-paid broadband tariff by up to 75% (Economic Times)
2G scam: CBI questions Videocon's Dhoot brothers in probe (Economic Times)
Cloud Computing explained through users (Economic Times)
Power, engineering & infrastructure
PGCIL executives meet Nigerian Power Minister (Economic Times)
Punj Lloyd bags Rs7.35bn project from NHAI (Economic Times)
SKIL Infra to raise over Rs22.5bn through IPO (Business Standard)
NTPC Kaniha plant crisis deepens (Business Standard)
Automobiles
Maruti Suzuki will supply its latest compact car A-Star to Volkswagen AG (Economic Times)
Mahindra's US entry hangs on arbitration later this year (Economic Times)
Budget 2011: Car companies split over import duty (Economic Times)
Rolls-Royce develops first electric-powered test vehicle (Economic Times)
Jaguar, Land Rover and Great Wall explore China tie (Economic Times)
Daimler won't make cheaper Mercedes: Chairman (Economic Times)


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